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Deductions & credits
Thank you. I found the foreign earned income exclusion only can exclude wages, can't exclude capital gain from selling stocks. Using turbotax, I first chose the foreign earned income exclusion to exclude wages, then I found there was almost no tax reduction whether I took or not took the foreign tax credit for the foreign tax paid for selling stocks. In other word, the foreign tax paid for selling stocks almost no use. Is there sth wrong? Thanks a lot!
‎June 5, 2019
4:01 PM